Barclays PLC Has $9.88 Million Stock Position in Matador Resources (NYSE:MTDR)

Barclays PLC lowered its position in Matador Resources (NYSE:MTDR - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,603 shares of the energy company's stock after selling 14,432 shares during the quarter. Barclays PLC owned 0.14% of Matador Resources worth $9,880,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Matador Resources by 108.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 492 shares of the energy company's stock worth $28,000 after purchasing an additional 256 shares during the period. TCTC Holdings LLC raised its stake in shares of Matador Resources by 53.8% in the 4th quarter. TCTC Holdings LLC now owns 500 shares of the energy company's stock valued at $28,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Matador Resources by 68.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 510 shares of the energy company's stock worth $29,000 after acquiring an additional 207 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Matador Resources by 359.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 579 shares of the energy company's stock worth $33,000 after acquiring an additional 453 shares during the period. Finally, Denver PWM LLC boosted its position in shares of Matador Resources by 67.2% during the 3rd quarter. Denver PWM LLC now owns 754 shares of the energy company's stock valued at $37,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 91.98% of the company's stock.

Insider Activity

In other Matador Resources news, Director Timothy E. Parker acquired 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $44.67 per share, for a total transaction of $89,340.00. Following the completion of the acquisition, the director now directly owns 83,790 shares of the company's stock, valued at approximately $3,742,899.30. This represents a 2.45 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher P. Calvert acquired 1,300 shares of Matador Resources stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $55.17 per share, for a total transaction of $71,721.00. Following the completion of the purchase, the chief operating officer now owns 34,000 shares of the company's stock, valued at approximately $1,875,780. The trade was a 3.98 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 21,350 shares of company stock valued at $1,100,769. 6.10% of the stock is currently owned by insiders.

Matador Resources Stock Performance

Shares of Matador Resources stock opened at $41.02 on Wednesday. The firm has a 50 day simple moving average of $47.56 and a 200 day simple moving average of $53.63. Matador Resources has a fifty-two week low of $35.19 and a fifty-two week high of $67.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.93 and a quick ratio of 0.84. The firm has a market cap of $5.14 billion, a P/E ratio of 5.75 and a beta of 2.74.

Matador Resources (NYSE:MTDR - Get Free Report) last released its earnings results on Tuesday, February 18th. The energy company reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The firm had revenue of $970.37 million for the quarter, compared to the consensus estimate of $967.10 million. Matador Resources had a return on equity of 18.52% and a net margin of 25.26%. Sell-side analysts predict that Matador Resources will post 8.53 earnings per share for the current fiscal year.

Matador Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3125 per share. The ex-dividend date is Friday, May 9th. This represents a $1.25 dividend on an annualized basis and a yield of 3.05%. Matador Resources's payout ratio is presently 17.51%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Raymond James cut their price target on shares of Matador Resources from $77.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Benchmark restated a "buy" rating and set a $62.00 target price on shares of Matador Resources in a research report on Friday, January 17th. Morgan Stanley lowered their price target on Matador Resources from $84.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Stephens dropped their price objective on Matador Resources from $90.00 to $86.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Matador Resources from $65.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $70.73.

About Matador Resources

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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